The time has come. When the Thai baht plummeted a few months ago, some elites in Hong Kong realized that the Soros Quantum Fund and international hot money would not remain indifferent to Hong Kong, the world's third largest financial center.
On October 23, the Hong Kong stock market also plummeted due to heavy selling of the Hong Kong dollar in the foreign exchange market.
Stock investors are panicking, some corporate CEOs are panicking, some small and medium-sized banks are panicking, and many investment institutions are also panicking.
Cutting losses, saving oneself, and asking for help are what the elites in Hong Kong are doing.
Because of this, the short-selling forces in the stock market have snowballed, causing the Hang Seng Index to fall faster.
Some people were crying, some were laughing, and some were watching the ebb and flow of the tide on the shore.
It is true that Li Yuhang did not make plans in Xiangjiang this time, but Xiangjiang is the financial center of Asia. If there is a move here, the entire Asian finance will be affected. The exchange rates of the Japanese yen and the Korean won have fallen slightly, which has also given Li Yuhang a small gain.
The Japanese yen exchange rate, in particular, has been falling rhythmically this month. In June, the Japanese yen against the U.S. dollar was 96:1, but now it has reached 118:1.
Li Yuhang even doubted whether Japan was rhythmically promoting the depreciation of the yen in order to promote domestic exports.
You must know that since the Plaza Accord in 1985, the yen has been appreciating over the years. Although it seems that the country is richer, it is a huge blow to exports.
In order to reduce costs, many Japanese companies have actively established production bases abroad in recent years, especially in Southeast Asia.
This time the Japanese government may want to use Soros's hand to promote their long-prepared plan to return the yen to a more reasonable range.
Otherwise, given the capabilities of several major Japanese conglomerates and the Japanese government, it would be quite easy for them to maintain the yen exchange rate before Soros and international hot money launched a massive attack.
In this regard, Li Yuhang also asked Xu Xinrong to pay special attention to the movements in Japan, and to withdraw immediately if there was anything wrong.
In Xiangjiang, Li Yuhang's presence is quite low, especially during such a period, Li Yuhang did not appear outside except at home and company.
Because of some of his actions, the big guys in Xiangjiang did not dare to invite him to a meeting on the stock market and foreign exchange this time. They did not know whether Li Yuhang was behind this.
Li Yuhang was naturally happy and free. He had no intention of taking action this time. As for what the outside world thought, he didn't care, as long as he was worthy of his own heart, he didn't live for others.
At the headquarters of Xinyu Investment Company, Li Yuhang was holding a high-level meeting. Knowing that this storm would not last long, he was already planning the subsequent actions.
"Our next actions are mainly four. The first is banks. After the crisis, I believe some small and medium-sized banks will have huge problems. This is an opportunity for us.
The second is office buildings. We don’t want to pursue benchmarks like HSBC and Bank of China. A building with more than ten floors is enough. Some of our mainland companies will officially enter the Hong Kong market starting next month. It is impossible not to have an office building.
Third, keep an eye on Golden Harvest and Lin Boxin’s ATV. Whether our film and television media group can take shape depends on these two companies.
Fourth, keep an eye on Chinese real estate. According to rumors, Liu suffered a setback in the foreign exchange market some time ago. With this turmoil, I believe he is not having a good time. The Bank of East Asia will also follow suit, but times are new.
If Rong communicates well with the other side, the two families will take over the Chinese real estate."
How could Li Yuhang, who has a lot of money in his hands, remain silent? He just arrived a few months ago, and he was worried that entering the Hong Kong market would be unanimously suppressed by local forces.
But now, with the turmoil going on, these forces have too much time to take care of themselves. They have no time to target him. Moreover, with a lot of money in his hands, he will be regarded as a savior by some forces.
Banks, buildings, and media were originally Li Yuhang's plans. As for Chinese real estate, we have to talk about some of the grievances involved.
You must know that the founder of this company is not the current Liu, but the Li family and the Feng family of the Bank of East Asia. It was just more than ten years ago that Liu took advantage of the crisis of the Bank of East Asia to become the controlling shareholder in the stock market, and brought the Chinese to the stock market.
Real estate is in your hands.
If he had been holding more than 50% of the shares of Chinese Real Estate, Li Yuhang and Bank of East Asia would not have any idea about it.
It's a pity that after taking control of Chinese Land over the years, Liu has slowly reduced his holdings. Although he is still the largest shareholder of Chinese Land with 34% of the shares, this has allowed Bank of East Asia to see the opportunity to regain Chinese Land.
hope.
Especially after joining forces with Li Yuhang, the Bank of East Asia Li family is more confident. This time is not only revenge, but also the Bank of East Asia Li family preparing to return to the real estate market.
There used to be four major families in the first generation of Xiangjiang, but now they can't even enter the top ten. How can this make the Li family of the Bank of East Asia happy? They thought about it because they no longer have the real estate business. However, the current ten major families in Xiangjiang are not in the top ten.
Everyone has one or even several real estate companies.
They had to get back the Chinese real estate. Taking into account the issue of strength and the attitude of making good friends with Li Yuhang, they deliberately recruited Li Yuhang to join them.
They know Li Yuhang very well. As long as Li Yuhang does not have absolute control, Li Yuhang will not interfere with the management of the company. There are countless examples in Guocheng to prove it.
In addition, this is Xiangjiang, and the management of the company by the Li family of the Bank of East Asia is more beneficial to Chinese real estate buyers than the management of Li Yuhang, so they are not worried about Li Yuhang competing with them for control of the company.
Xu Xinrong said: "Mr. Li, I have been keeping an eye on the bank, and I am also paying attention to the building.
As for Jiahe and ATV, I think Mr. Li should transfer Du Yuanze, general manager of Blue Star Cinema Company, to take charge.
As for real estate, if we just acquire shares in our investment company, there will be no problem. If we want to manage it, Mr. Li will have to recruit people from Star Air Real Estate Group."
Now most of the investment company's energy is focused on the foreign exchange market. Banks and buildings are needed by Xinyu Investment Company. Xu Xinrong naturally has to contribute. As for media groups and real estate, these have nothing to do with her.
Coupled with the limited manpower on hand, she naturally asked Li Yuhang to transfer people over.
Naturally, Li Yuhang can't put everything on Xu Xinrong. Finance and the Internet are currently in charge of Xu Xinrong. If Xu Xinrong is also responsible for the media, Li Yuhang is really worried that this core senior executive of the Jianan Department will be exhausted to death.
"Du Yuanze, Wanrou, please inform him to arrange the company affairs and come to Xiangjiang next Monday.
As for Chinese Real Estate, we only need to join hands with the Li family of the Bank of East Asia to acquire the company. As for management, the Li family of East Asia will be responsible for it, so we don’t need to worry about it.”
At the same time, in order to allow Xu Xinrong to focus on the subsequent establishment of the financial group, Li Yuhang asked Xu Xinrong to officially let go of the management of the Internet industry, and Du Xuening took over, the director of the internal coordination office, who could coordinate several Internet companies
Cooperation between companies.
This time Li Yuhang has a clear plan. Once the financial group and media group are established, plus several major Internet companies in Hong Kong, as well as the alliance with the East Asia Li family, he will completely gain a foothold in Hong Kong.